Monday, 30 January 2012

Expect the unexpected...MIB and S&P charts....

 MIB is top candidate for having topped. Italian bond yields start rising again, MIB breaks upward sloping trend line. At least a good correction is ahead. Confirmed under 15700.

ES future is testing critical support. This back test may prove dificult for bears to conquer....but is their last chance. This index looks like it has topped but it needs to break lower support levels. Until then a new high cannot be ruled out. S&P spot price should hold 1300 area and prove strength by closing more than once above 1320.

No comments:

Post a Comment